By

George Gonzalez
Globe showing North America

Canadian Residents with U.S. IRAs (Cross-Border Tax Issues)

A number of tax traps lie in wait for Canadians returning to Canada, and U.S. citizens moving to Canada, who hold a U.S. Individual Retirement Account (IRA). Diligent tax planning requires awareness of these traps before making a move to (or move back to) Canada.
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Canadian Taxation

Electing to File a Section 216 Tax Return for Rental Income (Canadian Taxation)

A separate article in these web pages discusses the Section 217 election, an election that can reduce a non-resident’s taxes on Canadian-source pension income. In this article I discuss a similar but different election for non-residents, one that is available for rental income from Canadian property
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Canadian Taxation

Electing to File a Section 217 Tax Return for Pension Income (Canadian Taxation)

A separate article in these web pages discusses the taxation of Canadian government pension benefits. As explained there, a non-resident is taxed on Canada Pension Plan (CPP) and Old Age Security (OAS) pension payments via a withholding tax of 25% (or, if applicable, a lower rate under a tax treaty between Canada and the country...
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Canadian Taxation

Ownership Of Foreign Corporations – International Tax Rules (Canadian Taxation)

Many Canadian investors create foreign corporations as part of their asset ownership structure. This may be done for various non-tax reasons.
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Canadian Taxation

Government Pensions (Canadian Taxation)

There are two primary federal government pension programs for retired Canadians: Canada Pension Plan (CPP) and Old Age Security (OAS). One of these (CPP) is based on contributions you make during your working years, while the other one (OAS) is based on age and income.
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Canadian Taxation

The Departure Tax (Canadian Taxation)

When a Canadian resident severs ties with Canada and becomes a non-resident, they are required to file a final resident income tax return and pay their final resident income tax to the Canada Revenue Agency (CRA).
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Canadian Taxation

Tax Residency: Moving to Another Country (Canadian Taxation)

Are you a Canadian considering a move to another country? If so, there are important elements of Canada’s tax system relating to international activities that should be aware of. One is tax residency.
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